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  3. the following selected account balances were taken

The following selected account balances were taken from XYZ Company's general ledger at January 1,...

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Accounting

The following selected account balances were taken from XYZ Company's general ledger at January 1, 2018 and December 31, 2018: January 1, 2018 December 31, 2018 Inventory 31,000 18,000 Equipment 123,000 144,000 Investments 42,000 37,000 Land 91,000 40,000 Mortgage payable 111,000 60,000 Retained earnings 32,000 37,000 Additional information for 2018 appears below: 1. XYZ Company sold land costing $60,000 and recorded a $4,000 loss on the sale. 2. XYZ Company purchased equipment for $21,000 cash. 3. XYZ Company purchased investments for $60,000 cash and sold investments and reported a $31,000 gain on the sale. Calculate XYZ Company's net cash flow from investing activities for 2018. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234).

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